Recently, the EUR/USD has been trading upwards. The price tested the level of 1.2821.According to the 30M time - frame, I found that price is trading above the pivot level (1.1775), which is sign that buyers are in control. I also found oversold condition on the stochastic oscillator, which is another sign of strength. My advice is to watch for potential buying opportunities. The upward target is set at the price of 1.1838.
Resistance levels:
R1: 1.1794
R2: 1.1820
R3: 1.1838
Support levels:
S1: 1.1749
S2: 1.1739
S3: 1.1705
Trading recommendations for today: watch for potential buying opportunities.